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Judgment Entered Against Investment Adviser Who Stole Over $16 Million from Clients
SEC v. Timothy J. Roth
- 2013
Defendant, while working for New Jersey-based RIA Comprehensive Capital Management, Inc., stole more than $16 million from his clients. Over $6 million was stolen in just 5 months, in the form of stolen mutual fund shares from several deferred compensation plans for whom defendant provided investment advice. He falsified transfer authorization forms and abused the standing authority several clients gave him. He was sentenced to 151 months incarceration in a parallel criminal proceeding, and also administratively barred.
